Digital signage startup Raydiant bags Series A funding
Digital signage and experience platform provider, Raydiant, has closed $13 million in Series A financing co-led by 8VC and Atomic.
The new capital, which brings the company's total funding to $20 million, will be used to invest in product development and expand its go-to-market team.
New service offerings will focus on bridging the gap between offline and online experiences and increasing productivity.
Joining the round is American actor, producer, and businessman Mark Wahlberg, along with Delta Zulu, Gaingels and BN Capital by Lerer Hippeau.
"Our goal has always been to help our customers adapt to the rapidly changing needs of their customers," says Bobby Marhamat, CEO, Raydiant.
"The impact of Covid-19 on bricks and mortar locations across every industry, and in the workplace, has made our digital experience platform a critical advantage to help our customers drive sales, boost revenue, and increase workplace productivity.”
“We are grateful to our investors and partners who share our vision of transforming how the world connects through one-of-a-kind interactive experiences."
"Raydiant was a natural next investment for us. Its numerous service offerings continue to create unmatched value and drive revenue for bricks and mortar brands unlike any current DXP on the market, says Drew Oetting, Partner, 8VC.
"In recent months, we've seen a rapid increase in demand for innovative solutions for recreating the face-to-face customer experience virtually. Although many exciting startups have popped up, Raydiant truly leads the pack in terms of innovation and ROI."
Sign up for our free retail technology newsletter here.
Continue reading…